The Personal Finance Society (PFS) has put together a buyer's guide for advisers on professional indemnity (PI) insurance, with top tips on what to look for when choosing cover.
The guide, produced in association with Howden Windsor, the professional indemnity division of Howden Insurance Brokers, looks at what insurers consider when offering cover, how advisers should complete the proposal form, top tips surrounding the buying process and important features to look out for in a PI insurance policy. When buying PI cover, advisers are advised to start the process early and ensure the proposal form is neatly completed and accurately represents their business. If a firm has operated in traditionally high risk areas such as unregulated collective investment schem...
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